Common use of Financial Statements Absence of Undisclosed Liabilities Receivables Clause in Contracts

Financial Statements Absence of Undisclosed Liabilities Receivables. (a) The Company has heretofore delivered to Parent complete and correct copies of the following financial statements (the "Company Financial Statements"), all of which have been prepared from the books and records of the Company and its Subsidiaries in accordance with generally accepted accounting principles ("GAAP") consistently applied and maintained throughout the periods indicated (except as may be indicated in the notes thereto and except that the unaudited Company Financial Statements may not include all notes thereto required by GAAP) and fairly present in all material respects the financial condition of the Company and its Subsidiaries at their respective dates and the results of their operations and cash flows for the periods covered thereby, except that unaudited interim results were or are subject to normal and recurring year-end adjustments which were not or are not expected to be material in amount:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (U S Long Distance Corp), Agreement and Plan of Merger (Lci International Inc /Va/)

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Financial Statements Absence of Undisclosed Liabilities Receivables. (a) The Company Parent has heretofore delivered to Parent the Company complete and correct copies of the following financial statements (collectively, the "Company Parent Financial Statements"), all of which have been prepared from the books and records of the Company Parent and its Subsidiaries in accordance with generally accepted accounting principles ("GAAP") GAAP consistently applied and maintained throughout the periods indicated (except as may be indicated in the notes thereto and except that the unaudited Company Parent Financial Statements may not include all notes thereto required by GAAP) and fairly present in all material respects the financial condition of the Company Parent and its Subsidiaries as at their respective dates and the results of their operations and cash flows for the periods covered thereby, except that unaudited interim results were or are subject to normal and recurring year-end adjustments which were not or are not expected to be material in amount:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Lci International Inc /Va/), Agreement and Plan of Merger (U S Long Distance Corp)

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